Wednesday Assorted Links

1. Why Financial Literacy is So Elusive.

“It is bad enough that most people are not financially literate, but the painful reality is that investor education does not work — at least not much beyond six months. After that, it is like any other abstract subject taught in a classroom, mostly forgotten. . . .

Not that this has stopped states from mandating financial literacy for high schoolers. The Washington Post reported last week that financial-literacy classes are mandated by 19 states in order to graduate from high school, up from 13 states eight years ago. This is well-meaning, but without a radical break from how financial literacy is taught, it is destined to be ineffective.

Why? There are a number of reasons: The subject is abstract and can be complex; specific skills deteriorate fairly soon after graduation from high school; the rote memorization and teach-to-the-test approach used so much in American schools is ineffective for this sort of knowledge.”

2. Japanese office chair racing. Hell yes.

3. Remembering the runner who never gave up.

4. Six places in Europe offering shelter from the crowds.

5. What ever happened to Freddy Adu?

The heart of the matter:

“When he wasn’t scoring, he wasn’t doing much of anything. ‘He saw himself as the luxury player, the skill player,’ Wynalda said. ‘Give me the ball and I’ll make something happen.’ ‘OK, I screwed up, give it to me again.’ ‘OK, again. Just keep giving it to me.’ And eventually it’s like, ‘You know what? I’m going to give it to some other guy.'”

6A. The Surreal End of an American College.

6B. The Anti-College is on the Rise.

. . . a revolt against treating the student as a future wage-earner.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s